Huey Magoo's | 431 St James Ave
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Huey Magoo's 431 St James Ave
3,280 SF Retail Building Goose Creek, SC 29445 $2,452,870 ($748/SF) 5.75% Cap Rate
Investment Highlights
- 10-Year NNN Lease
- 47,800 VPD
- Newly Renovated Huey Magoo's
- 10% Bumps Every 5th Year
- Traffic Lit Intersection
Executive Summary
Oswald Cooke and Associates is pleased to offer 431 Saint James Avenue for sale to qualified investors. The property is subject to a 10-Year NNN Lease with (4) 5-Year renewal options. The franchisee is operating Huey Magoo’s Chicken Tenders. The recently renovated 3,280 SF is situated at the traffic lit intersection of St. James Avenue and Gainsborough Road. Gainsborough Road connects to Crowfield Plantation, a 2,600 acre/4,000 home community. Saint James Avenue (Hwy 176) connects Goose Creek to Northern Summerville and Moncks Corner. Other retailers in the area include Big Lots, Zaxbys, Lidl, Aldi, Wal-Mart, Wendy’s, McDonalds, Arbys, 7-Eleven, Lowes, Chick-Fil-A and many others.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,280 SF
Building Class
C
Year Built/Renovated
2002/2023
Price
$2,452,870
Price Per SF
$748
Cap Rate
5.75%
NOI
$141,040
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.00 AC
Zoning
PD
Parking
30 Spaces (9.21 Spaces per 1,000 SF Leased)
Frontage
56 FT on St James Ave
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 234-00-00-082 | Improvements Assessment | $76,194 |
| Land Assessment | $73,584 | Total Assessment | $149,778 |
PROPERTY TAXES
Parcel Number
234-00-00-082
Land Assessment
$73,584
Improvements Assessment
$76,194
Total Assessment
$149,778
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Huey Magoo's | 431 St James Ave
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